Professional Technical Analysis for #BTC/USDT and Strong Entry Opportunity
Current Price: 111,434 USDT (+3.67%)
Time Frame: 4 Hours
Technical Analysis:
Trend: Clear upward trend after breaking resistance at 105,000 and turning it into support.
Bollinger Bands: Price is touching the upper limit, indicating a possible temporary correction.
RSI: At 85.5 = Overbought area, caution is advised.
MACD: Positive and supports the continuation of momentum.
Trading Volumes: Strong and support the upward trend.
Entry Strategy:
Safe Entry: From 107,000 - 108,000 in case of a correction.
Breakout Entry: Above 112,000 with confirmation by high trading volume.
Profit Targets:
1. 114,500
2. 117,000
3. 120,000 (for medium-term traders)
Stop Loss: Below 105,500 or according to MA20.
Notes:
It is better to wait for a slight correction due to the current overbought condition.
Entering in phases (DCA) is preferred at this stage.
